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Exact(11)
Basically, you borrow money at fixed interest rate but with a redemption period.
"With a farm or a residence," Mr. Grossman said, "the redemption period can be as long as four years".
But every year since, that figure has shrunk, whittled down by years of relative prosperity, changing demographic trends and manufacturer policies that shortened each coupon's redemption period, among other changes.
So bloody was the campaign that ultimately returned black people to near-slavery that one writer, Nicholas Lemann, described the redemption period, from 1876 to the mid-1890s, as the last battle of the civil war.
They can come to court for expert advice; possibly have a judge refer their case to mediation; bring their mortgage current within 90 days after receiving the summons; or sell their house, refinance or pay off the loan during a seven-month redemption period.
Technically speaking, the plant is still in good shape; the typical redemption period for such plants is several decades.
Similar(48)
We talked about it, and agreed that it seems reminiscent of the reconstruction and redemption periods just after the civil war.
Yet Mr. Hayden has a redemption-rights period, giving him some time to pay off the debt and buy the properties back.
Part of the tug of "Les Misérables" is that it recounts a familiar, reassuring story of oppression, liberation and redemption, complete with period costumes and tear-yanking songs.
In September, Hatton announced he was coming out of retirement in a bid for "redemption" following a period of depression and substance abuse. .
Banks have also ratcheted up the use of blackout periods, redemption fees and other restrictions that frustrated customers whose loyalty they wanted.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com